I. Create a simple sit down question and answer documentary film describing and explaining the primary policies of Wisdomics-Gracenomics
A. Introduce yourself and the topic and model how the “Big Three” policies of a 50% Discount/Rebate policy at the various points of retail sale, a reasonable Universal Dividend of at least $1000/mo. and the amending and transformation of The Federal Reserve works so every individual and every enterprise can see their results and how they wildly benefit them.
Script: Hi, my name is Steven C. Hummel and this is my son Steven Andrew Hummel. Today we’re going to discuss and model several key policies of an entire policy program that in my book Wisdomics-Gracenomics fully fleshes out a new monetary and economic paradigm that wildly benefits every economic agent individual and commercial. I have been a student of many of the leading economic theorists since before what is often called The Great Financial Crisis in 2008. I hasten to add that all of these theorists are very intelligent and scholarly and all are worth reading because they emphasize different aspects of our economic problems. However, the one area or aspect they all generally neglect or miss, and I have trained myself to perceive, is analyzing the economic and monetary systems on the conceptual/philosophical level, and as paradigms present and new are concepts and beyond that applied concepts that historically create, reinforce, permanently progress and simultaneously change both mental and temporal universe realities, that makes analyzing and discovering a new paradigm extremely important. One further aspect of present paradigms is that they are always long acculturated which tends to make them largely subconscious or even unconscious to the majority. They’re like breathing which we mostly are unaware of…until we can’t breath and then they loom up and reveal themselves to be of supreme importance. So hold on to your hat because if you keep an open mind and pay attention you’re going to be one of the first to learn a new applied world changing idea…that will invalidate old orthodoxies on all sides while wildly benefiting you…and everyone else.
Okay. Lets start with and model what I consider to be the most important policy of the new monetary paradigm. I call it the 50% Discount/Rebate policy at regular consumer retail sale and at the retail point of finance which is one’s mortgage, automobile, insurance or other big ticket item’s monthly payment. Andrew you can be the consumer, I’ll be the merchant and this little token can be the central bank. I call this policy The 50% Discount/Rebate at Retail Sale.
Okay I the merchant agree to discount every one of my goods and services by 50% so Mr. consumer how much did that $100 worth of candy bars and other ultra processed foods cost you? Andrew: $50. And now because everyone and every commercial agent gets an account at the central bank with the rebate aspect of the policy they get every cent of their discounts distributed back to them so I the merchant say: Thank you central bank for creating the other $50 and rebating every cent of it back to me so I get my full price…and a potential doubling of the demand for everything I sell to boot. Its a win/win for both agents and everyone because everyone participates in and/or is effected by the price at retail sale.
This policy is actually a paradigm change all by itself, but wait, its not done benefiting everyone yet. What is the retail point of finance? Its everyone’s mortgage, automobile, insurance or other big ticket item’s monthly payment. So do the math for a $500k house. The home builder or home owner agrees to reduce their price by 50% so they go to finance and get a $250k loan and when their monthly payment comes due…the central bank pays for half of it, so the buyer gets a $500k house for the payment equivalent of a $125k loan and the market for the banks’ product is at least quadrupled. Oh sure, the banks will probably object because institutions that wield a monopoly paradigm like the banks do have gotten used to blithely dominating everyone…but thats where you the consumer and voter come in. You don’t have the banks’ problem and you abide by the truest of political truisms which is: you vote your pocket book and we are many and those who would oppose this policy are few, so don’t get distracted by the cynics just keep broadcasting these benefits and “Don’t worry, be happy? (Smile)
Primary Policy #2: A Universal Dividend based on the cultural inheritance everyone has of the increase in technological and productive capacity we’ve built up over the last several centuries. This not a new idea of mine, it was suggested by a very clear thinking man named C. H. Douglas who also recognized that new money was basically created by accounting/double entry bookkeeping and its basic operation of equal debits and credits that sum to zero. Douglas recognized this way before MMT recently did as Douglas started his movement called Social Credit back between the first and second world wars. His Universal Dividend also predates UBI (Universal Basic Income) way before present theorists came up with that policy. Wisdomics-Gracenomics is an innovation, increased policy applicability and more irresistible evolution of Social Credit and it specifically names both the present problematic monetary paradigm and how to apply the precise new paradigm concept. I give Douglas full credit for his insights, but even as genious as he was he lived before the concept of paradigms was not fully fleshed out and so he did not name the specific new concept. He also lived in the era of classical economics which was about equillibrium when an abundant but more stable general disequillibrium of money is the actual solution because it follows the path of historical paradigm changes which effect both theoretical inversion and temporal universe inversion of realities.
Primary Policy #3: Central banks are the ultimate authorities and institutional creators of money and of reserves which enable the functioning of the economy and financial systems. However, the problem with central banks is that they simply rescue the private banking system from the destabilizing effects of their own monopoly paradigm of Debt Only instead of creating and applying the new paradigm of Strategic Monetary Gifting and thus rescuing every economic agent from the present anomalous paradigm.
We need to amend The Federal Reserve’s charter to have it perform the equal debits and credits and distribute the monies needed to fund the 50% Discount/Rebate at retail sale and the Universal Dividend. This will end the present monopoly paradigm’s enforced and dominating realities and make the central bank the best friend forever of every economic agent not just the banks. Thus The Federal Reserve will become The General Reserve.
B. Show how this most fundamental policy of Wisdomics-Gracenomics and the rest of the aligned policy program resolves the opposed self interests of merchant and consumer thus resolving that duality with a completely separate and new thirdness greater oneness that simultaneously accomplishes the goals of both capitalism (profitability) and socialism (greater economic purchasing power and universal economic democracy) without the heavy handed historical flaws of economic manipulation/oligarchy, political domination/suave and even totalitarian control, fraud, mistaken austerity and most consequencially breaking up the monopoly paradigm on the creation and distribution of new money that Finance has wielded since the first day of human civilization.
Script: The 50% Discount/Rebate at retail sale integrates and resolves the normally opposed self interests of the consumer and merchant by simultaneously increasing the individual’s purchasing power and the potential profitability for the merchant’s goods and services and hence creates a true synthesis/thirdness greater oneness reality and the resolution of the long standing problems of chronic inflation, chronic monetary/purchasing power austerity and invalidates equally long standing orthodoxies in this case The Quantity Theory of Money and all of these effects are signatures of historical paradigm changes. It pin points and benefits all parties by resolving the deepest problem of modern economies which is Finance’s wielding of the monopoly paradigm for the creation and distribution of virtually all new money which is the applied concept of Debt Only. It is entirely analogous to the last monopoly paradigm we needed to break up which was Salvation Via Roman Catholic Sacraments Only (the word Only designates both concepts as monopoly paradigms) and which lead to The Protestant Reformation. We need a monetary and economic reformation with a new monetary paradigm that breaks up the current monopoly paradigm for the creation and distribution of new money. That new monetary and economic concept is Strategic Monetary Gifting.
C. Rebut the various objections including the cynicism, energy, ecological/excessive consumption and planetary finitude ones
Script: Let me try to disrupt a couple of generally observed objections to the new paradigm. First is cynicism. Cynicism is the long acculturated intellectual disease of modernity that results both from the acculturation process itself and from choosing palliative reforms instead of paradigmatic/entire pattern and systemic changes. Intellectuals need to consult the works of the great Japanese military strategist Sun Tzu who said: “If you can convince the enemy that there is absolutely no reason to go to war you will win every war without a single battle.” Scepticism is a good intellectual trait because it is an aspect of the scientific method, but cynicism is a step beyond scepticism that unfortunately and unconsciously transforms intelligent people into erudite dunces as per the observation of Sun Tzu above. I prefer the attitude of Antonio Gramsci who said: “Let us have pessimism of the mind, but optmism of the will.” That way activism reigns and we never stop moving toward a desirable and even necessary goal.
Some would reject Monetary Gifting because they correctly say that over consumption is illogical on a finite planet. However, doubling purchasing power doesn’t ipso facto translate into a doubling of consumption and security wed to wisdom can result in having more with less. That, plus as new paradigms are always in complete conceptual opposition to the present paradigm, our current consumptive paradigm of Always More could be remedied by incentivising things like decentralized but general organic gardening and other wiser strategies like incentivising rational action on the energy, ecological and finitude problems by implementing a policy in my book of a sliding scale required “tax” of gifted purchasing power into 5-6% Eco-Energy-Propulsion R & D treasury bonds in order to off planet and/or under planet most of production thus enabling the changing of the current geo-centric paradigm for these factors into a more cosmic earth orbit or lunar based one.
D. Show how the above new paradigm is actually a new phenomenon known as a mega-paradigm change and describe the aspects that new phenomenon
- Universality of experience of beneficial effect
- Continuous experience of beneficial effect
- Beneficial effects in multiple cultural, systemic, body of knowledge and/or areas of human endeavor
- Serendipity/unexpected benefits in areas formerly and logically not considered relevant to the problem resolved by the new mega-paradigm change
E. Propose that there has only been probably three mega-paradigm changes in the entire history of the human species
1. Evolving self awareness/consciousness and hence the reality of morals and the rational consideration of morals AKA ethics,
2. Control of fire
3. The change from nomadic, tribal hunting and gathering to homesteading, urbanization/civilization/city and nation states and agriculture
F. Emphasize the serendipitous effect of the new monetary and economic mega-paradigm change which is that it universally enables a spiritual/beneficial personal experiencial effect (self actualization of grace as in gratitude for a gift) while also becoming the first temporal universe system/institution other than an overtly religious one to create such effect.
G. Show how the beneficial effects of every historical paradigm change have always been an aspect or aspects of the natural philosophical concept of grace and how that is the supreme insight of Wisdomics-Gracenomics because it enlightens us to the fact that paradigm change has consequencially become a straight forward and logical “plug and play” intellectual process of finding the relevant aspect(s) of the concept of grace and how, where and when to most efficaciously apply it. Thus the study of Paradigmology and the philosophy of Gracientialism.
H. How the audience can help create the mass movement to implement this new mega-paradigm
- Political activism that emphasizes the fact that Wisdomics-Gracenomics integrates the political and economic agendas of both major parties by greatly advancing the goals and benefits of both profit making economic systems and the social good.
- Ignore cynicism and blatant rigid orthodox objections while simply continuing to demonstrate the personal and temporal universe benefits of Wisdomics-Gracenomics
- Always remember that 1) we the beneficiares of Wisdomics-Gracenomics are many and those who would irrationally object to same, because they will benefit too…are few and 2) the truest of political truisms that people vote their pocketbooks IS TRUE AND APPLIES.
- Hold politicians who are elected and support Wisdomics-Gracenomics accountable to forthrightly legislate its entire policy program before any other political business is acted upon, including the prior understanding and agreement by them that any foot draggers or backsliders will be immediately recalled by their constituants.
- Don’t worry, be happy! 🙂
Social Credit/Wisdomics/Gracenomics/ Gracientialism 